Dangote Industries has appointed MTN Group Chief Executive Officer Ralph Mupita to the board of its fertilizer business as the company prepares to expand operations and pursue a listing in Nigeria. Dangote Fertiliser Ltd. Managing Director Vishwajit Sinha confirmed Mupita’s appointment in an email response to questions, according to Bloomberg News. The move comes as Dangote Industries, owned by Africa’s richest man Aliko Dangote, positions its fertilizer unit for growth and greater access to capital markets. The planned expansion and potential initial public offering would mark another major step in the conglomerate’s strategy of scaling its industrial businesses across Nigeria…
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PricewaterhouseCoopers (PwC) has confirmed that Anastacia Tshesane will become Chief Executive Officer of PwC South Africa from 1 July 2026. She will take over from Shirley Machaba, who is due to retire at the end of her term in June 2026, bringing her 24-year career at the firm to a close. Tshesane currently serves as Chair of the PwC South Africa Governing Board and the PwC Africa Governance Board, positions she has held since July 2021. She will step down from both roles ahead of her CEO appointment, with Alsue du Preez, PwC Africa’s Insurance Leader, set to assume the…
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Netflix Inc. has announced a landmark agreement to acquire Warner Bros. from Warner Bros. Discovery (WBD) in a cash-and-stock transaction that values the studio at an enterprise figure of about $82.7 billion and an equity value of $72 billion. The deal, one of the largest in entertainment history, brings together the world’s leading streaming platform and one of cinema’s most storied studios. Under the deal, each WBD shareholder will receive $23.25 in cash and an additional $4.501 in Netflix stock for every WBD share at closing. The transaction values WBD at $27.75 per share, subject to a collar tied to…
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Century Bottling Company Limited walked into the Tax Appeals Tribunal hoping to end a costly dispute before it truly began. The Coca-Cola bottler was facing a fresh set of tax assessments from Uganda Revenue Authority (URA) covering 2013–2019, claims that pushed the disputed bill to roughly UGX 10.2 billion. To Century Bottling Company, the audit felt like a second bite at the same apple. To URA, it was a necessary correction after uncovering new facts. Century Bottling Company’s strategy was built around a procedural knockout. The company argued that URA had come too late. Under tax law, additional assessments are…
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Kenya Gov’t to Sell 15% Safaricom Stake to Vodacom in KShs 241 billion (UGX 6.5 Trillion Deal) The Kenyan government Kenya has officially begun the process of selling a 15 percent stake in Safaricom to South Africa’s Vodacom in a total transaction valued at KShs 241 billion (UGX 6.5 trillion), a move that signals one of the country’s most significant state asset disposals in recent memory. The announcement, published by Safaricom PLC on December 4, 2025, outlines the full structure of the deal and sets the stage for a major shift in the ownership of East Africa’s most valuable company….
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The newly merged SanlamAllianz Uganda has officially become the country’s second-largest general insurer. Market performance report for the 2025 third quarter by Insurance Regulatory Authority (IRA) shows that the merged entity, resulting from the union of Sanlam General and Jubilee Allianz, which was formally licensed in August 2025, has immediately reshaped the structure of Uganda’s non-life insurance market. IRA data shows that SanlamAllianz now holds 19.8% of the general insurance market, with UGX 173.33 billion in gross written premiums. This places it just behind long-time market leader Old Mutual, which posted UGX 185.88 billion and a 21.2% market share. As…
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Uganda Revenue Authority (URA) has launched a sweeping enforcement campaign requiring all Ugandan tax residents with foreign bank accounts, property, or investments to immediately declare their worldwide income and assets, according to a new Tax Alert on Global Income Declaration issued by Grant Thornton. The development follows Uganda’s implementation of the Convention on Mutual Administrative Assistance in Tax Matters (MAAC), which now allows URA to automatically receive financial data on Ugandan residents from more than 125 countries. These jurisdictions include Mauritius, the Cayman Islands, Jersey, US, UK and India. With this global information-sharing system in place, Ugandans with undisclosed…
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French oil and gas multinational TotalEnergies Marketing Uganda is facing a lawsuit in the Commercial Court. Local engineering contractor Civtec Africa Limited accuses the company of failing to disclose serious…
As the CEO of Letshego Uganda, Giles Aijukwe stands at the intersection of ambition and accountability, tasked with delivering financial growth in a sector still playing catch-up on inclusion. In this three-segment Q&A, the seasoned executive opens up about leading with conviction and building a values-based culture. What does “inclusive finance” truly mean to you, beyond the business jargon? To me, it is about dignity. It means ensuring that a market vendor in Gulu or a boda rider in Masaka has the same right to access financial solutions as a corporate professional in Kampala. It’s not charity; it’s creating systems…
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dfcu Bank, one of Uganda’s leading financial institutions, has officially launched its 55th branch in Fort Portal Tourism City, strategically located along Babiiha Road. This expansion underscores dfcu Bank’s commitment…
